New funding: DexCare, an “entry optimization platform” and the newest health-tech firm to spin out of Windfall’s Digital Innovation Group, introduced a $20 million funding spherical.
The tech: Windfall initially began DexCare in 2016 to assist with digital affected person acquisition for its same-day care enterprise, Windfall Categorical Care Digital. The software program platform helps navigate sufferers to probably the most acceptable care setting and integrates with present programs.
Pandemic tailwinds: DexCare has seen a rise in affected person go to quantity throughout the pandemic as care shifts on-line. Additionally it is used with different care venues at Windfall and with different outdoors well being programs. Clients embody Group Well being Community, Houston Methodist, and extra. The corporate declined to share income metrics.
The workforce: Derek Streat leads DexCare as CEO and Sean O’Connor is chief business officer. Streat beforehand co-founded C-SATS, a Seattle startup that makes use of know-how to grade surgeons and was acquired by Johnson & Johnson in 2018. O’Connor was the corporate’s chief income officer for 4 years.
Streat can also be a veteran of Classmates.com who beforehand based AdReady and Medify. O’Connor spent practically a decade at Intuitive Surgical earlier than becoming a member of C-SATS.
Traders: Outline Ventures led the spherical. Frist Cressey Ventures, Kaiser Permanente Ventures, SpringRock Ventures, and Windfall Ventures additionally participated. Lynne Chou O’Keefe, managing companion of Outline Ventures, and Aaron Martin, chief digital officer of Windfall, will be part of Streat on DexCare’s board.
“DexCare’s distinctive resolution to make digitally-enabled care extra discoverable and actionable for shoppers, whereas on the similar time making it efficient for well being programs, is the type of resolution that may result in a greater healthcare system for everybody,” O’Keefe stated in an announcement.
Windfall’s Digital Innovation Group: DexCare, which employs 25 folks, is the third firm born out of the Digital Innovation Group. Others embody Xealth, which raised money from Cerner final 12 months, and Circle, which was acquired by Wildflower Well being.
Windfall additionally runs Windfall Ventures, a $300 million enterprise capital fund that invests in early-to-mid-stage healthcare corporations.